International Women’s Day is celebrated around the world on March 8th. While Mother’s Day seems to have gained more consumer traction in the U.S., the sentiment is universal – women deserve recognition for all of their anonymous contributions to the family and society.

However, a serious disconnect exists between collectively honoring women’s domestic (and largely unpaid) labor once a year and formally recognizing these contributions in economic development measures like GDP. Economic measures do not assign a monetary value to things like child rearing and household chores. These unpaid labor tasks subsidize household expenses, but do not garner the same social credibility as paid labor. Notably, women do more unpaid work than men in every country. Since money is tied to power, this becomes an issue of worldwide gender inequality.

Economist, activist, and writer, Raj Patel gives a 2-minute summary in this clip: